The Boeing Company (NYSE:BA) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• Boeing's stock has a consensus rating of "Moderate Buy" from 25 brokerage firms, with 17 buy ratings, 2 strong buy ratings, and 3 hold ratings.
• Recent target price updates include Morgan Stanley raising theirs from $200 to $235 and Citigroup increasing theirs from $220 to $270, indicating optimistic sentiment among analysts.
• Insider trading activity saw executives selling shares recently, with a total of 7,744 shares sold valued at approximately $1.5 million over the last three months.

The Boeing Company (NYSE:BA - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the twenty-six research firms that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, eighteen have issued a buy rating and three have issued a strong buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $228.73.

A number of research analysts recently issued reports on BA shares. Susquehanna raised their target price on shares of Boeing from $265.00 to $270.00 and gave the company a "positive" rating in a research note on Wednesday. Sanford C. Bernstein reiterated an "outperform" rating on shares of Boeing in a research note on Monday, July 14th. Barclays raised their target price on shares of Boeing from $210.00 to $255.00 and gave the company an "overweight" rating in a research note on Tuesday. Bank of America upgraded shares of Boeing from a "neutral" rating to a "buy" rating and raised their price target for the stock from $185.00 to $260.00 in a research report on Monday, June 2nd. Finally, Wall Street Zen lowered shares of Boeing from a "hold" rating to a "sell" rating in a research report on Saturday, May 17th.

Boeing Price Performance

Shares of Boeing stock traded down $0.08 on Friday, hitting $226.00. The company had a trading volume of 9,320,011 shares, compared to its average volume of 7,324,165. The business has a 50-day simple moving average of $214.47 and a 200-day simple moving average of $187.94. The company has a market cap of $170.41 billion, a PE ratio of -13.69 and a beta of 1.41. Boeing has a 52 week low of $128.88 and a 52 week high of $242.69.

Boeing (NYSE:BA - Get Free Report) last issued its earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share for the quarter, missing analysts' consensus estimates of ($0.92) by ($0.32). The company had revenue of $22.75 billion for the quarter, compared to analysts' expectations of $20.13 billion. The business's quarterly revenue was up 34.9% compared to the same quarter last year. During the same period last year, the firm earned ($2.90) EPS. On average, equities research analysts predict that Boeing will post -2.58 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Boeing news, EVP David Christopher Raymond sold 3,899 shares of the stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $187.01, for a total value of $729,151.99. Following the completion of the sale, the executive vice president owned 42,513 shares in the company, valued at $7,950,356.13. This trade represents a 8.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Brendan J. Nelson sold 640 shares of the stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $206.28, for a total transaction of $132,019.20. Following the completion of the sale, the senior vice president owned 13,258 shares of the company's stock, valued at approximately $2,734,860.24. This represents a 4.60% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,744 shares of company stock worth $1,511,370. 0.09% of the stock is owned by insiders.

Hedge Funds Weigh In On Boeing

A number of hedge funds have recently bought and sold shares of BA. Harbor Asset Planning Inc. acquired a new stake in Boeing during the second quarter worth about $25,000. Piscataqua Savings Bank grew its stake in Boeing by 1,712.5% during the second quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer's stock worth $30,000 after buying an additional 137 shares in the last quarter. American National Bank & Trust grew its stake in Boeing by 474.1% during the first quarter. American National Bank & Trust now owns 155 shares of the aircraft producer's stock worth $26,000 after buying an additional 128 shares in the last quarter. REAP Financial Group LLC grew its stake in Boeing by 60.2% during the fourth quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer's stock worth $31,000 after buying an additional 65 shares in the last quarter. Finally, Dogwood Wealth Management LLC grew its stake in Boeing by 167.2% during the fourth quarter. Dogwood Wealth Management LLC now owns 179 shares of the aircraft producer's stock worth $32,000 after buying an additional 112 shares in the last quarter. 64.82% of the stock is owned by institutional investors.

About Boeing

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through Commercial Airplanes; Defense, Space & Security; and Global Services segments.